Top recruiting firms say the three local banks - DBS, UOB and OCBC - stand on strong fundamentals and are not expected to resort to the drastic staff reduction measures taken by many big global lenders.
It is alleged that RBS Coutts in Zurich, which is owned by RBS, is one of the banks that had transferred the state fund's money out of Malaysia.
In Saudi Arabia, Foreign Minister Adel al-Jubeir said that he accepted the attorney general’s opinion that there had been no wrongdoing, but he also said that he did not think that the money had come from the Saudi government or that it was a politi
Mr Yak, a senior private banker with the local unit of Swiss bank BSI, did not appear at Friday's hearing, but the Straits Times understands he is in Singapore.
As the funds market in Singapore and the wider Asian region has grown, so have the calls for a regulatory framework that will allow retail funds to be marketed more easily across the region's national borders.
According to Bloomberg News, Chinese people have been flocking to Hong Kong to buy insurance policies, which typically come with better service than on the mainland, with the purchases by mainland visitors in Hong Kong reaching HK$21.1bn ($2.7bn) by the e